$1,250,000

Estimated payment $8,192/month

Total Views 5,270
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.43 Acre Lot
  • No HOA
  • Central Air
  • Westchester Elementary School Rated A
  • Property is near shops
  • Coin Laundry

About This Home

Rare opportunity to own a fully occupied, 6-unit apartment building in the City of Decatur. 3 ground-level apartments and 3 2nd-floor apartments. Each unit features 2 bedrooms and 1 bathroom, front and rear entrance, central HVAC and is all electric with separate meters. Shared, coin-operated laundry facility in unfinished basement. Off-street parking for 6 cars with additional street parking. Reliable, long-term tenants (no late payers). Well-maintained, 4-sided brick building with recently painted exterior metal stairways and balconies. Prime location near shops and restaurants or downtown Decatur. Showings are only permitted during Due Diligence with approved appointment. Please DO NOT disturb tenants.

Listing Agent

Branagan Dunn

Realty Associates of Atlanta License #326144 Listed on: 06/10/2025

Realty Associates of Atlanta

Co-Listing Agent

Emily Hogan

Realty Associates of Atlanta License #331292

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,784

Year Built

  • Built in 1968

Home Design

  • Brick Exterior Construction
  • Block Foundation

Basement

  • Partial Basement
  • Exterior Basement Entry
  • Natural lighting in basement

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Schools

  • Clairemont Elementary School
  • Decatur High School

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • 2-Story Property
  • 0.43 Acre Lot
  • Property is near shops

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Chelsea Heights Subdivision

Amenities

  • Coin Laundry

Building Details

  • Insurance Expense $9,405
  • Operating Expense $20,859
  • Gross Income $103,385

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,784

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1968
  • Co List Office: RAOA01
  • Levels: Two
  • Lot Size Acres: .43
  • Structure Type: Multi Family (5+ Units)
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Daylight, Exterior Entry, Partial

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Block
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 6

Utilities

  • Cooling: Central Air, Electric
  • Heating: Electric, Heat Pump
  • Laundry Features: Coin Laundry, Common Area
  • Sewer: Public Sewer
  • Utilities: Electricity Individual Meters, Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights, Walk To Shopping

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Clairemont
  • High School: Decatur
  • High School Bus: No
  • Middle School: Other
  • Middle School Bus: No

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2024
  • Tax Annual Amount: 19784

Multi Family

  • GrossIncome: 103385
  • InsuranceExpense: 9405
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 20859

MLS Schools

  • Elementary Bus Line: No

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2025 10/24/25 For Sale $1,250,000 0.0% --
10/09/2025 10/09/25 Pending -- -- --
09/19/2025 09/19/25 For Sale $1,250,000 0.0% --
09/17/2025 09/17/25 Pending -- -- --
06/10/2025 06/10/25 For Sale $1,250,000 0.0% --
06/07/2018 06/07/18 Rented $1,250 0.0% --
06/06/2018 06/06/18 Under Contract -- -- --
05/15/2018 05/15/18 Price Changed $1,250 -3.8% --
05/07/2018 05/07/18 Price Changed $1,300 -3.7% --
04/17/2018 04/17/18 Price Changed $1,350 -6.9% --
04/12/2018 04/12/18 For Rent $1,450 0.0% --
04/11/2018 04/11/18 Under Contract -- -- --
03/27/2018 03/27/18 For Rent $1,450 0.0% --
11/30/2017 11/30/17 Sold $850,000 -14.1% -- View Prior Sale
10/13/2017 10/13/17 Pending -- -- --
10/11/2017 10/11/17 For Sale $989,000 0.0% --
09/18/2017 09/18/17 Pending -- -- --
07/27/2017 07/27/17 For Sale $989,000 -- --
Source: Georgia MLS

Source: Georgia MLS

MLS Number: 10540644

Georgia MLS